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We investigate the default probability, recovery rates and loss distribution of a portfolio of securitised loans granted to Italian small and medium enterprises (SMEs). To this end, we use loan level data information provided by the European DataWarehouse platform and employ a logistic...
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Small and medium enterprises (SMEs) are considered generators of economic growth, added value, employment and innovation worldwide. They face numerous issues, especially in the early stages of a life cycle, from available sources of financing to strategic and market challenges. Due to its...
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